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Home
Classroom
Commerce
NECO 2009
Commerce 2009 NECO Past Questions
Exam Type:
All
JAMB
WAEC
NECO
Exam year:
All
2009
2007
2005
2004
2003
2002
2001
2000
Question Type:
All
Objective
Theory
Practical
Topics:
All
Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
Production
Meaning and types: Primary, secondary, tertiary
Factors of production, characteristics & rewards
Division of labour and specialization
Inter-relationship between production and exchange
Business Units
Meaning and objectives of business
Forms: Sole proprietorship, Partnership, Limited liability companies, Public enterprises, Cooperative societies
Characteristics, formation, advantages and disadvantages
Business mergers
Choice of business units
Dissolution and liquidation
Business Capital and Finance
Meaning and types of capital
Working capital, profit and turnover calculations
Sources of finance
Problems of sourcing finance
Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
Chambers of Commerce
Employers’, Consumers’ and Manufacturers’ associations
Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
Wholesale trade: Types, functions
Warehousing: Types, functions
Channels of distribution
Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
Barriers to international trade
Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
Advertising
Banking
Insurance
Transportation
Communication
Tourism
Finance and Financial Institutions
Money
Credit
Credit unions and thrift societies
Stock Exchange
Marketing
Meaning, importance and functions
Marketing concept and mix
Market segmentation
Public relations, customer service
Sales promotion
Personal selling
Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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1
The price of an item is N 300 with a trade discount of 20%, What is the selling price?
A.
N180
B.
N240
C.
N300
D.
N360
E.
no option
View Answer & Discuss
NECO 2009
2
A hire purchase transaction becomes a sale when the hirer
A.
pays full cost of the goods
B.
agrees with the hire purchase terms
C.
takes possession of the goods
D.
pays part of the instalments
View Answer & Discuss
NECO 2009
3
An electronic system of communication which serves as the international information bank is called
A.
an e-mail
B.
a satellite
C.
a telex
D.
the Internet
View Answer & Discuss
NECO 2009
4
Personal selling is important to a business because it can be used to
A.
distract competitors
B.
distribute free samples
C.
sell custom-made products
D.
effect labour - oriented pricing
View Answer & Discuss (2)
NECO 2009
5
A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the
A.
matrix structure
B.
staff structure
C.
committee structure
D.
functional structure
View Answer & Discuss
NECO 2009
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